Steward Partners Investment Advisory LLC grew its holdings in shares of Target Co. (NYSE:TGT) by 19.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,114 shares of the retailer’s stock after purchasing an additional 7,170 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Target were worth $2,878,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Fiduciary Trust Co. increased its position in shares of Target by 1.1% in the 2nd quarter. Fiduciary Trust Co. now owns 17,964 shares of the retailer’s stock valued at $939,000 after acquiring an additional 197 shares during the period. LSV Asset Management increased its position in shares of Target by 3.0% in the 2nd quarter. LSV Asset Management now owns 5,899,360 shares of the retailer’s stock valued at $308,477,000 after acquiring an additional 172,025 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in shares of Target by 12.1% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 9,007 shares of the retailer’s stock valued at $471,000 after acquiring an additional 974 shares during the period. IFM Investors Pty Ltd acquired a new position in shares of Target in the 2nd quarter valued at $760,000. Finally, Old Mutual Global Investors UK Ltd. increased its position in shares of Target by 217.7% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 25,415 shares of the retailer’s stock valued at $1,328,000 after acquiring an additional 17,415 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.
Shares of Target Co. (NYSE:TGT) opened at $78.58 on Tuesday. The firm has a market capitalization of $42,453.03, a PE ratio of 16.44, a price-to-earnings-growth ratio of 4.12 and a beta of 0.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. Target Co. has a 12-month low of $48.56 and a 12-month high of $78.64.
Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. The company had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. equities analysts anticipate that Target Co. will post 4.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Tuesday, February 20th. Target’s payout ratio is currently 51.88%.
In other news, insider Robert M. Harrison sold 8,557 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $76.74, for a total transaction of $656,664.18. Following the sale, the insider now directly owns 13,288 shares of the company’s stock, valued at approximately $1,019,721.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Roxanne S. Austin sold 4,705 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.
Several research firms recently issued reports on TGT. Zacks Investment Research downgraded Target from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Stifel Nicolaus reissued a “hold” rating and issued a $75.00 target price on shares of Target in a research report on Thursday, January 11th. Telsey Advisory Group cut their target price on Target from $60.00 to $58.00 and set an “outperform” rating on the stock in a research report on Thursday, November 16th. Barclays set a $45.00 target price on Target and gave the company a “sell” rating in a research report on Wednesday, November 15th. Finally, Vetr downgraded Target from a “strong-buy” rating to a “buy” rating and set a $66.10 target price on the stock. in a research report on Wednesday, November 29th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $66.78.
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Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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